Investor Presentation June 2010 Highlights Coppermoly attracts - PowerPoint PPT Presentation

“Building project value in highly prospective Papua New Guinea ” Investor Presentation ‐ June 2010

Highlights • Coppermoly attracts major funding of A$20m through an agreement with Barrick, one of the world’s largest mining companies, to earn ‐ in 72% of our existing three tenements. Drilling is currently underway • Nakru Projects (47 sq.km): Two copper systems associated with large geophysical targets which show significant tonnage potential of copper. These are currently undergoing further drill testing • Drilling intersects a 3% to 4% copper lens at 25m depth • At Nakru ‐ 1, drilling intersected 28.4m at 1.1% copper below 35.5m at 0.39 g/t in a gold blanket • Simuku Project (123 sq.km): Maiden Inferred Mineral Resource of 200 million tonnes at 0.47% copper equivalent* with near surface secondary copper enrichment (0.7 to 1.0%) requiring further drill testing. Barrick will initially sampling beneath the ash cover with a Wacker drill • Projects located close to major infrastructure including roads, deep water port, airport and general amenities which service a large oil palm industry • Coppermoly is currently reviewing other copper and gold prospects the island and have two tenement applications in progress covering 1500 square kilometers

Mineralised Papua New Guinea Lihir ‐ 40 Moz AuEq Frieda ‐ Simuku 1060 Mt at 0.53% Cu, 200Mt at 0.47% CuEq 0.29g/t Au Porgera – 25 Moz Au Yandera ‐ 667 Mt at 0.33% Cu Ok Tedi – 663 Mt at 0.76% Cu, Kainantu ‐ 2 Moz Au Panguna ‐ 0.85g/t Au 944Mt at 0.48% Cu, 0.56g/t Au Morobe ‐ 5 Moz Au Mt. Nakru Tolukuma ‐ 1 Moz AuEq Misima ‐ 5 Moz Au Papua New Guinea Copper Production in PNG averages Copper Production in PNG averages Map Area around 200,000t per annum. (US $1.4b) around 200,000t per annum. (US $1.4b) Australia Australia

Excellent Location for Project Development • Vehicle access to both projects • Deep water port at provincial capital of Kimbe • Good local infrastructure and relatively easy logistics • Topography not extreme (200m to 800m elevation) • Landowners work on projects • Large oil palm industry have helped develop local infrastructure

New Britain Island Copper ‐ Gold Province Tenements subject to Barrick Farm ‐ in: • EL 1077 ‐ Simuku • EL 1043 ‐ Mt. Nakru • EL 1445 ‐ Talelumas Topography Image

Kimbe Port

Nakru Copper ‐ Gold Project Nineteen Drill Holes Completed � 74m grading 0.78% copper � 6.7m grading 3.80% copper Seven Holes Drilled by Coppermoly Barrick commenced drilling in May 2010 Nine kilometers of bulldozer trenching � 19m at 4.3% copper � 4m at 6.6% copper � 55m at 4.79 g/t gold

Nakru 2 Chargeability Nakru 1 Chargeability 3 ‐ D Induced Polarisation (IP) geophysical anomaly High grade copper targets not fully tested Area of previous drilling, copper in drill holes average > 0.7% Near surface copper lens 3% to 4% Untested copper targets

Nakru 1 Copper System Cross ‐ Section of Chargeability (ms) ‐ sulphide mineralisation MT. NAKRU NEW TARGET TO BE DRILL TESTED DRILLED AREA BY BARRICK NAK001 NAK017

S N MAJOR Oxide Zone Hole 1 UNTESTED Au + Mo + As + Ag, Pb, Zn, Te TARGET 16m at 0.74 g/t Au 61m at 0.32 g/t Au 0.14 % Cu 4m at 3.1 %Cu 9m at 1.94 %Cu 28m at 1.1 % Cu, 0.27 g/t Au Supergene Copper 5m at 2.1 % Cu, 1.2 g/t Au Enrichment Zone 11m at 0.62 % Cu, .33 g/t Au 2m at 1.91 % Cu, 1.3 g/t Au 2m at 2.35 % Cu, 0 .33 g/t Au Primary Copper Zone Hole 1 Chargeability Anomaly Intended to intersect part of the 3D IP target Nakru 1, Drill Section Schematic Plan

Nakru Copper ‐ Gold Project HYBRID / HIGH SULPHIDATION VHMS MODEL of ALTERATION and MINERALIZATION 1 KILOMETER Recent Ash / Pumice Fine grained volcaniclastics and sediments Ba ‐ Ag ‐ Au Zn ‐ Pb – Ag ‐ Cu Zn ‐ Cu Cu ‐ Pb ‐ Zn Exhalative massive sulphide lenses (NAKRU 2) Stringer Zone feeding near sea floor massive sulfides Pumiceous Breccia Potential 'Supergene' Copper Zone Rhyo ‐ dacitic "flow dome" STRINGER ZONE Hydrothermal breccia (NAKRU VOLCANIC COMPLEX) (Nakru 1) Core zone Disseminated Py ‐ Cu (Mt. Lyell)? to Massive Py ‐ Cu (Highway ‐ Reward)? OUTER Chlorite ‐ Sericite + MARGINAL CORE Tr. Py Silica ‐ Sericite ‐ Pyrite Silica ‐ Pyrite ‐ Sericite +/ ‐ Cpy + Au March 2010 Denis O’Neill

Nakru 1 and 2 Drilling and Geophysics Un ‐ tested target Copper intersected in drill holes >0.1% Envelope of copper mineralisation at surface > 0.1%

Nakru 2 Drilling: Trench 88m at 1.2% Cu, 0.33 g/t Au Massive Copper 19.9% Cu sample in trench MASSIVE SULPHIDE Sulphides near surface 6.7m at 3.8% Cu Sulphide 0.19 g/t Au breccia 1.66% Zn outcrop MASSIVE SULPHIDE 7m at 3.36% Cu 0.19 g/t Au 52m at 1.2% Cu 2.0% Zn 11.4 g/t Ag 73m at 57 ppm Mo 0.96% Cu 21m at 0.83% Cu NAK2 ‐ 002 112.5m 9m at 0.53% Cu 3m at 1.41% Cu NAK2 ‐ 001 299.8m

Nakru 2 Sulphide Copper System Sulphide related anomaly • Large 700m diameter envelope of surface mineralisation • First ever two diamond drill holes by Coppermoly intersected copper lens of 3% to 4% associated with geophysical anomaly

Simuku and Yandera Copper Systems Simuku: 1. Maiden Inferred Resource of 200 million tonnes at 0.36% copper within one third of the known mineralised system 2. 20km from deep water port 3. 300m above sea level Yandera: 1. Indicated and Inferred Resource of 667 million tonnes at 0.33% copper 2. 80km from deep water port 3. 1700m above sea level

Simuku / Talelumas Project Simuku Warden’s Hearing May 2010 Simuku Warden’s Hearing, May 2010

Simuku Copper/Molybdenum System Molybdenum Horseshoe Prospect • Drilling of 14m at 0.41% molybdenum from surface • Yet to be fully drill tested

Simuku Copper Results Drilling Results (31 diamond holes) • 117m at 0.61% copper Copper Enrichment Top 20m • Tobarum : 27m thick at 0.74% copper • Nayam: 16m thick at 1.0% copper Primary Copper Zone • SMD026: 56m at 0.77% copper at 207m depth below average grades of 0.38% copper Surface Trench Results – 28 kilometres • 14m at 1.03% copper and 0.26 g/t gold • 200m at 0.75% copper

Talelumas – EL 1445 Gold and Copper Prospects Isme Creek Gold Prospect • Geochemistry similar to the Nakru systems Mt.Misusu Copper Prospect • Copper anomalous area of 850 metres by 500 metres • Possible extension of Simuku system

Achieving its Objectives Task Date IPO Raises $8million January 2008 Acquire Heavy Machinery, upgrade Track May ‐ June 2008 access, set ‐ up camps, Landowner discussions Nakru Geophysics and Drilling Results February 2009 Maiden Inferred Resource May 2009 Rights Issue to Raise $2.1m September 2009 Project Funding A$20m through Barrick November 2009 Barrick Begins Drilling May 2010 Coppermoly Undertakes Projects Acquisition March ‐ June 2010 Barrick Drilling Results June onwards 2010 Coppermoly Begins Exploration Activities Second Half 2010

Experienced Board and Management Peter McNeil – Non Executive Chairman , 25 years experience in PNG. Peter Swiridiuk – Managing Director, 20 years experience in Exploration in PNG, Middle East, Mexico, Solomon Islands, Cyprus and Australia. Maurice Gannon – Executive Director and Company Secretary, BSc, FCIS, FAIM, MAusIMM, 21 years experience in earth sciences, business and financial management. Bob McNeil – Non Executive Director, 47 years experience in mining and exploration. Dal Brynelsen – Non Executive Director , CEO of Vangold Resources. North American connections. Ces Iewago – Non Executive Director. BACom, MBA, FAICD, Expertise in PNG banking and finance. Director of NGG. Political and Mining connections in PNG. On ‐ Site PNG Administration and Base of Operations . Denis O’Neill – Geological Consultant, over 36 years experience in mining and exploration.

Corporate Overview (ASX:COY) Listed on ASX January 2008 Raised $8m Rights Issue and Shortfall September 2009 Raised $2.1m Barrick (5% COY shares issued) Raised $0.57m Current Shares on Issue 137 million Total Listed Options (COYO 30cents) and (COYOA 7cents) 46 million Total Unlisted Options 13 million Share Price 10 cents Market Capitalisation $14 million Cash at Bank $2.1 M Top 20 Shareholders currently hold 62%

Why invest in Coppermoly? • Leverage to a major discovery through Barrick ‘Earn ‐ In’ • Excellent Board and management with PNG experience • Large copper, gold and molybdenum systems • High ‐ grade primary and secondary copper mineralisation • Drilling and results by Barrick to begin second quarter 2010 • Acquisition of two new projects covering 1500 sq.km • Excellent exploration methodology to add value to new projects